RE: Nationalisastion23 Oct 2023 08:30
Well, Labour have already harked on about nationalising the electricity supply / carrier sector, could they really afford it !
As soon as they make a move on any large company in any sector, the whole market will crash ... you think Truss made a boo boo, just wait to see what carnage nationalisation would do, let alone the aftermath of running a nationalised business with HMG in charge, UK PLC would be downgraded to junk !!
Last estimate by CBI to nationalised major sectors (rail / mail / water / energy supply networks) was put at £196bn, that exclude O&G btw, guess figure would be closer to £300bn.
As for how much would they pay for SQZ, well, we are NOT a distressed company, so HMG would need to pay at very least weighted average of past 6 months at best +30% of that. We also assume that HMG will take full 100%, maybe 51% would be their position ?
Think what that would do to private pensions, would they still allow payment of good dividends or dividends at all and the companies that run them ?
Too many banana skins, although Labour voters and Hand Out Britian will love it, god help us all !!
aimo & dyor